How to Save Money on Auto Insurance Coverage

For those who own a car or truck, carrying auto insurance is not a choice - it's a legal requirement.

So, finding affordable auto insurance is essential, especially considering today's tough economic times.

What many consumers might not realize is there are several auto insurance discounts available that can help make buying auto insurance much more affordable.

Available Auto Insurance Discounts

There are a wide range of auto insurance discounts available to today's drivers. Here are a few of the most-common discounts offered by insurance companies.

Multiple-Policy Discounts

Most insurance companies will offer their customers a special discount if they carry multiple policies with the company. So, if you own a home or another vehicle, you can save some money by purchasing homeowners or a second auto insurance policy through the same insurer.

Anti-Theft Device Discounts

Anything you can do to reduce the risk of having your vehicle stolen is a big step toward saving money on your auto insurance. Many insurance companies provide discounts to drivers whose vehicles are equipped with special anti-theft devices, such as a car alarm or a vehicle tracking system.

Safety Device Discounts

Insurance companies also like it when your vehicle comes equipped with special safety devices that can help reduce the risk of an accident or reduce the severity of damages should an accident occur. So, make sure to mention to your insurer if your vehicle has safety features such as anti-lock brakes, air bags or daytime running lights.

Good Driver Discounts

Most people are aware that having one or two traffic violations on your driving record can increase your auto insurance premiums. Many consumers, however, might not realize that having a clean driving record can help reduce your auto insurance premiums. Most insurance companies offer substantial discounts to drivers who have been accident-free for at least five years.

Good Student Discounts

Paying for your own insurance is tough enough, but covering your children as well can be an even bigger challenge. Fortunately, many insurance companies offer discounts to families whose children are pulling good grades - typically a B average or higher - in high school or college.

Defensive Driving Discounts

The better your driving skills, the less risky you are to insure so steps you take to improve your driving - especially your defensive driving - will help you to save on your auto insurance. In some states, you are able to qualify for auto insurance discounts by completing approved defensive driving courses.

Military Discounts

More and more, insurance companies are recognizing the sacrifices made by our armed forces. In order to repay our soldiers, these insurance companies offer special discounts to those currently serving or who have served in the military.

Group Affiliation Discounts

Sometimes referred to as "affinity" discounts, many insurance companies form partnerships with various organizations, such as the National Association of Female Executives or the American Academy of Pediatrics, and then offer special discounts to members of those organizations. Some insurance companies have established relationships with hundreds of groups so make sure to find out if any organization to which you belong might fall on your insurer's list.